Strategic Analysis of the Biomass and Waste-to-Power Market in Southeast Asia
Global investment in the renewable energy (RE) market exceeded $300 billion in 2014, at a % growth rate over 2013. Biomass and waste-to-energy (WTE) projects saw more than $billion worth of investment in 2014. With rising primary energy needs, Southeast Asia is experiencing power turbulence across most of its economically backward regions, indicating a heightened need to implement RE projects for better energy security.
Every nation is racing toward its 2025 and 2030 RE targets and so is Southeast Asia. To meet its energy needs, the region has introduced RE goals for 2030 as part of its overall energy mix.
Southeast Asian governments are revisiting their energy policies and regulations for better investment opportunities in the RE market. Producers are seeing constant support in the form of Feed-in-Tariff (FiT), Pioneer Status (PS), and Investment Tax Allowance (ITA) policies.
Annual capacity additions are forecast to increase from MW in 2014 to MW in 2019, with a cumulative investment of $ billion. The annual CAPEX investment for 2014 alone was estimated at $ billion.
The increasing number of manufacturing and industrial hubs, along with the growing population, have led to the accumulation of solid and residual waste in Southeast Asia. At present, Singapore and Malaysia are at the forefront in terms of building WTE plants, followed closely by Indonesia.
In 2014, the total installed capacity of biomass was GW; in 2019, this number is expected to double to GW.
With GW of installed capacity at present, Thailand is the leader in biomass investments in Southeast Asia; however, by 2019, Indonesia is anticipated to race ahead with large-scale biomass projects.
About this report
The Southeast Asian biomass and waste-to-power market is in the growth stage. The heightened necessity to manage agricultural and solid waste is one of the main market drivers. The key challenges faced are the unorganized feedstock market, the complicated bureaucratic structure, and the logistical hurdles. The market trends are analyzed for a study period of 2011 to 2019. The base year is 2014. The study covers drivers and restraints, market revenue (annual capacity additions), segmentation by country and technology, end-user analysis, value chain analysis, country-level policies and regulations, and company profiling.
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